May 3, 2018 Peru's new president sends request to Congress for power to legislate in tax matters Taxpayers should continue to monitor the release of any tax guidance in the coming months. On May 2, 2018, the new president of Peru sent a request to Congress for the power to legislate in tax matters. If Congress approves the request (as is customary), the new president would be able to: 1) Issue regulations on the general anti-avoidance rule, which is currently suspended until the regulations are published 2) Amend the Income Tax Law to encourage investment and the use of invoices 3) Amend the value added tax to improve its administration 4) Strengthen the Tax Administration to optimize its management 5) Promote the development of micro and small enterprises ———————————————
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